Online Bank Reviews Best Banks 2011 » AIG Bank CD http://banktruth.org Best Banks Bank Reviews Best Rates Sat, 04 Feb 2012 11:00:09 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 CD of 3.00% APY at AIG http://banktruth.org/best-cd-rates/3-00-apy-at-aig/ http://banktruth.org/best-cd-rates/3-00-apy-at-aig/#comments Thu, 03 Jun 2010 05:17:03 +0000 AccountReviewer http://banktruth.org/?p=1051 3.00% APY?  How can AIG Bank offer a rate so high? I'll tell you why. Because, their 3.00% is only good for a 60 month, or 5 year track. Although you might have to wait to see this type of rate, it is worth it. The other time periods for AIG's CDs are  nearly all within 6 month intervals. It begins with 6 months, at 1.06% APY. Then rises to 12, 18, 24, and 36 months, with 36 being 2.30% APY. To see other rates, please see their chart. However, rates as at 14 May 2011 has decreased: 6 months 0.80%; 12 months 1.15% APY; 18 months 1.25 » Read more
Rating: 5.0/5 (1 vote cast)

]]> 3.00% APY?  How can AIG Bank offer a rate so high? I’ll tell you why. Because, their 3.00% is only good for a 60 month, or 5 year track. Although you might have to wait to see this type of rate, it is worth it. The other time periods for AIG’s CDs are  nearly all within 6 month intervals. It begins with 6 months, at 1.06% APY. Then rises to 12, 18, 24, and 36 months, with 36 being 2.30% APY. To see other rates, please see their chart.

However, rates as at 14 May 2011 has decreased: 6 months 0.80%; 12 months 1.15% APY; 18 months 1.25 APY; 24 months 1.40%; 36 months 1.70%; and 60 months 2.25%.

When looking at your interest, keep in mind that you might see your interest grow for you in more than just one way. You can either have the interest credited to your AIG CD account monthly, or you can keep that interest with your CD until it has reached maturity. The choice is up to you. Ultimately that question is: which will work better for you?

If you are interested in opening an account with AIG, the task is simple. You can visit their website and open one on there, or you can do it by mail.

If you are looking to save even more money, there is a button on AIG’s website, that will take you to a calculator that can give you information on the personalized numbers you are contemplating on putting aside. Also their is a full budgeting site that answers any questions you might have about how to wisely balance your funds.

Be sure to read our review on AIG’s Money Market Account.

AIG CDs are FDIC insured.


Rating: 5.0/5 (1 vote cast)

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